Question 1

Why is it useful to conduct surveys of key employee attitudes before system implementation?

Accepted Answer

A)  To provide information about the new system 
B)  To have a baseline for future comparisons 
C)  To solicit recommendations for changes 
D)  To create perception of employee involvement 
A)  To provide information about the new system 
B)  To have a baseline for future comparisons 
C)  To solicit recommendations for changes 
D)  To create perception of employee involvement

Question 2

What main indicators should firms examine in the process of examining compensation costs?

Accepted Answer

A)  budgeted costs and actual costs 
B)  compensation cost ratios and budget ratios 
C)  net profit per employee and average employee earnings 
D)  compensation cost ratios and average employee earnings 
A)  budgeted costs and actual costs 
B)  compensation cost ratios and budget ratios 
C)  net profit per employee and average employee earnings 
D)  compensation cost ratios and average employee earnings

Question 3

Payroll was one of the last functions to be computerized in most organizations.

Accepted Answer

A) True 
 B)False

Question 4

The final step in implementing a new compensation system is communicating the system.

Accepted Answer

A) True 
 B)False

Question 5

Identify and describe the steps necessary for implementing a compensation system.

Accepted Answer

Actual implementation of the new compens

Question 6

In the bottom-up approach to compensation budgeting,an arbitrary amount is allocated to compensation and given to department managers for distribution to their employees.

Accepted Answer

A) True 
 B)False

Question 7

In order to avoid resistance to a new compensation system,it is best to restrict the amount of information provided as much as possible.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the advantages and disadvantages of outsourcing compensation administration,as well as the factors involved in deciding outsourcing policy.

Accepted Answer

Possible advantages of outsourcing inclu

Question 9

Compared to last year's high school grades,your marks declined during the first semester of university. What phenomenon has taken place?

Accepted Answer

A)  socialization 
B)  initial dip 
C)  integration 
D)  freedom to act 
A)  socialization 
B)  initial dip 
C)  integration 
D)  freedom to act

Question 10

Which of the following is not one of the steps in implementing the compensation system?

Accepted Answer

A)  Establish the implementation task forces. 
B)  Decide on the compensation level. 
C)  Test the system. 
D)  Conduct the training. 
A)  Establish the implementation task forces. 
B)  Decide on the compensation level. 
C)  Test the system. 
D)  Conduct the training.

Question 11

Which of the following is not a key factor that needs to be considered when deciding whether to outsource?

Accepted Answer

A)  company size 
B)  internal capabilities 
C)  vendor relationship challenges 
D)  the strategic importance of compensation 
A)  company size 
B)  internal capabilities 
C)  vendor relationship challenges 
D)  the strategic importance of compensation

Question 12

What are the primary areas of computer applications in a compensation system?

Accepted Answer

Many firms use an integrated human resou

Question 13

Which of the following is not a key aspect of developing the implementation plan?

Accepted Answer

A)  the training plan 
B)  preparing the compensation budget 
C)  the plan for communicating the new system 
D)  the plan for evaluating the new system 
A)  the training plan 
B)  preparing the compensation budget 
C)  the plan for communicating the new system 
D)  the plan for evaluating the new system

Question 14

According to a recent survey of HR professionals,what is the predominant use of human resources management systems?

Accepted Answer

A)  planning and research 
B)  time and attendance 
C)  payroll 
D)  benefits 
A)  planning and research 
B)  time and attendance 
C)  payroll 
D)  benefits

Question 15

Identify the four key aspects that need to be considered in planning the infrastructure for compensation administration.

Accepted Answer

The four key aspects that need to be dea

Question 16

This term is used to describe responsibilities such as keeping track of who is entitled to what,ensuring the proper payouts are made,calculating gross earnings and deductions,and preparing and distributing pay cheques and remittances:

Accepted Answer

A)  compensation administration 
B)  outsourcing 
C)  compensation budgeting 
D)  implementation plan 
A)  compensation administration 
B)  outsourcing 
C)  compensation budgeting 
D)  implementation plan

Question 17

In regard to the use of information technology in compensation,which of the following is false?

Accepted Answer

A)  It should be used to assist job documentation 
B)  It can transform flexible benefits plans from an impractical concept to a useful one 
C)  It should assist in labour market data analysis 
D)  It should be used to provide full access by supervisors to employee records 
A)  It should be used to assist job documentation 
B)  It can transform flexible benefits plans from an impractical concept to a useful one 
C)  It should assist in labour market data analysis 
D)  It should be used to provide full access by supervisors to employee records

Question 18

Which of the following is not an appropriate use for computers?

Accepted Answer

A)  computing market lines and pay policies 
B)  determining the relative value of jobs 
C)  labour market data analysis 
D)  online surveys of employee attitudes 
A)  computing market lines and pay policies 
B)  determining the relative value of jobs 
C)  labour market data analysis 
D)  online surveys of employee attitudes

Question 19

In regard to evaluating the compensation system,which of the following is false?

Accepted Answer

A)  Most organizations don't even try to evaluate their systems. 
B)  A slipshod attempt at evaluation may do more harm than good. 
C)  Compensation costs below budgeted levels should make you happy. 
D)  If the budget was not realistic in the first place comparisons are meaningless. 
A)  Most organizations don't even try to evaluate their systems. 
B)  A slipshod attempt at evaluation may do more harm than good. 
C)  Compensation costs below budgeted levels should make you happy. 
D)  If the budget was not realistic in the first place comparisons are meaningless.

Question 20

Which of the following is not an external circumstance that can trigger the need to change the compensation system.

Accepted Answer

A)  labour market changes 
B)  legislative and tax changes 
C)  changes in economic conditions 
D)  business strategy changes 
A)  labour market changes 
B)  legislative and tax changes 
C)  changes in economic conditions 
D)  business strategy changes

Why is it useful to conduct surveys of key employee attitudes before system implementation?

What main indicators should firms examine in the process of examining compensation costs?

Payroll was one of the last functions to be computerized in most organizations.

The final step in implementing a new compensation system is communicating the system.

Identify and describe the steps necessary for implementing a compensation system.

In the bottom-up approach to compensation budgeting,an arbitrary amount is allocated to compensation and given to department managers for distribution to their employees.

In order to avoid resistance to a new compensation system,it is best to restrict the amount of information provided as much as possible.

Discuss the advantages and disadvantages of outsourcing compensation administration,as well as the factors involved in deciding outsourcing policy.

Compared to last year's high school grades,your marks declined during the first semester of university. What phenomenon has taken place?

Which of the following is not one of the steps in implementing the compensation system?

Which of the following is not a key factor that needs to be considered when deciding whether to outsource?

What are the primary areas of computer applications in a compensation system?

Which of the following is not a key aspect of developing the implementation plan?

According to a recent survey of HR professionals,what is the predominant use of human resources management systems?

Identify the four key aspects that need to be considered in planning the infrastructure for compensation administration.

This term is used to describe responsibilities such as keeping track of who is entitled to what,ensuring the proper payouts are made,calculating gross earnings and deductions,and preparing and distributing pay cheques and remittances:

In regard to the use of information technology in compensation,which of the following is false?

Which of the following is not an appropriate use for computers?

In regard to evaluating the compensation system,which of the following is false?

Which of the following is not an external circumstance that can trigger the need to change the compensation system.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Filters

Exam 13: Activating and Maintaining an Effective Compensation System

Why is it useful to conduct surveys of key employee attitudes before system implementation?

What main indicators should firms examine in the process of examining compensation costs?

Payroll was one of the last functions to be computerized in most organizations.

The final step in implementing a new compensation system is communicating the system.

Identify and describe the steps necessary for implementing a compensation system.

In the bottom-up approach to compensation budgeting,an arbitrary amount is allocated to compensation and given to department managers for distribution to their employees.

In order to avoid resistance to a new compensation system,it is best to restrict the amount of information provided as much as possible.

Discuss the advantages and disadvantages of outsourcing compensation administration,as well as the factors involved in deciding outsourcing policy.

Compared to last year's high school grades,your marks declined during the first semester of university. What phenomenon has taken place?

Which of the following is not one of the steps in implementing the compensation system?

Which of the following is not a key factor that needs to be considered when deciding whether to outsource?

What are the primary areas of computer applications in a compensation system?

Which of the following is not a key aspect of developing the implementation plan?

According to a recent survey of HR professionals,what is the predominant use of human resources management systems?

Identify the four key aspects that need to be considered in planning the infrastructure for compensation administration.

This term is used to describe responsibilities such as keeping track of who is entitled to what,ensuring the proper payouts are made,calculating gross earnings and deductions,and preparing and distributing pay cheques and remittances:

In regard to the use of information technology in compensation,which of the following is false?

Which of the following is not an appropriate use for computers?

In regard to evaluating the compensation system,which of the following is false?

Which of the following is not an external circumstance that can trigger the need to change the compensation system.

A Road Map to Effective Communication

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: the Job Evaluation Process

Evaluating Jobs: the Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Designing Indirect Pay Plans

Filters